VANCOUVER, BC, Aug. 8, 2024
/PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the
"Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is
pleased to announce the mineralized zone at Patterson Corridor East
(PCE) has materially expanded since the original discovery in the
2024 Winter Program (see NexGen News Release dated March 11, 2024). The Summer Drill Program
commenced May 21st, with eight (8)
out of twelve (12) drillholes intersecting mineralization to date
(Figures 1 and 2, Table 1). Extensive mineralization plunges to the
east with a span of 540 m along
strike and 600 m vertical extent,
showing wide intervals of elevated radioactivity that remain open
at depth and along strike. In comparison, previously reported holes
from PCE had identified two mineralized holes, 275 m apart.
Off-scale (>61,000 cps) high-grade uranium mineralization has
been intersected in four drillholes to date, including RK-24-183,
-197, -202, and -207. The most recent intersection in RK-24-207
contains the first instance of massive replacement by uraninite, a
key indicator of a strongly mineralized system (Figures 3 and 4,
Table 1) with 1.5 m >10,000 cps
(including 0.3 m >61,000 cps)
within cumulative interval mineralization of 26.2 m > 500 cps (Table 2).
Results include the best and most recent intercept in RK-24-207,
that confirms continuity of mineralization, massive replacement
uranium and significant high grade at PCE (Table 1). The
high-intensity style mineralization is indicative of exceptional
formation conditions linked to significant orebodies within the
Athabasca Basin and most notably
the Arrow Deposit 3.5 km to the west. In addition, this zone of
high-intensity mineralization in RK-24-207 is at a similar depth to
Arrow's A2 high-grade heart. PCE, like Arrow, is contained solely
in the competent basement rock which is the ideal underground
setting. The mineralized signature is expressed as very analogous
to Arrow, localized veins (up to off-scale >61,000 cps) within
elevated radioactivity that extends over more than 100 m.
Summer drilling to date totals 10,045.5
m of the planned 22,000 m from
12 completed drillholes. Assays from disclosed mineralized
intersections are pending and due in Q4 2024.
As a consequence of these results, the focus of the summer
program has substantially elevated with two primary objectives:
- continue to test the extent of the mineralized system through
bold step outs, and
- vector in on the high-grade zones within the broader
mineralized system.
Leigh Curyer, Chief Executive Officer, commented: "In the first
two months of the summer program, the results have rapidly
indicated an expansive, mineralized footprint with remarkable
continuity. Geological characteristics are very analogous to Arrow
indicating a large, pervasive and high-grade system. The summer
program has been purposely bold with very large drill step outs and
has intersected mineralization in an additional 8 of the 12 holes
drilled. Important to note, PCE has currently hit 4 holes with
intense mineralization >61,000 cps, with this occurring at Arrow
for the first time in the 15th hole - which led to
subsequently delineating broad ultra-high grade zones in the A2
shear of Arrow.
Discoveries of the calibre of Arrow all take their own path in
terms of time and extent of drilling to fully define. PCE is now
commencing its path showing all the characteristics of Arrow at the
same stage. PCE validates the continued prospectivity of the NexGen
land package is immense and underpins the southwest Athabasca Basin as the future of Canada's uranium industry growth over the
balance of this century.
NexGen is at an incredibly exciting stage, focused on concluding
the Federal Environmental Assessment for the Rook I Project,
construction readiness on receipt of final approvals and in
parallel drilling a newly discovered zone of mineralization."
Mineralization is hosted as semi-massive to massive pitchblende
veins, fracture coatings, and disseminations. Structures focus the
mineralization via reactivated shears and faults while competent
wall rock (silicified orthogneiss) acts as a physical trap. The
mineralization and alteration patterns depict a well-developed
hydrothermal fluid system. Typical alteration associated with the
mineralization includes the formation of iron-rich minerals
(hydrothermal hematite), iron oxide (limonite), clay, and chlorite.
These characteristics combined with the size of the mineralized
footprint, as well as the presence of >61,000 cps, demonstrates
the similarities between PCE and Arrow at the same stage.
Table 1: 2024 Summer program spectrometer results to
date
|
Drillhole
|
Unconformity
Depth (m)
|
Handheld
Spectrometer Results (RS-125)
|
|
Hole
ID
|
Azimuth
|
Dip
|
Total
Depth
(m)
|
From
(m)
|
To
(m)
|
Width
(m)
|
CPS
Range
|
|
RK-24-195
|
310
|
-70
|
588.0
|
N/A
|
171.5
|
172.0
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
172.0
|
172.5
|
0.5
|
<500
|
|
|
|
|
|
192.0
|
192.5
|
0.5
|
<500
|
|
|
|
|
|
216.0
|
216.5
|
0.5
|
<500
|
|
RK-24-196
|
310
|
-70
|
841.0
|
103.4
|
701.5
|
703.0
|
1.5
|
<500
|
|
|
|
|
|
703.0
|
703.5
|
0.5
|
1,600 -
2,500
|
|
|
|
|
|
703.5
|
704.0
|
0.5
|
<500
|
|
|
|
|
|
704.0
|
704.5
|
0.5
|
570 - 1,320
|
|
|
|
|
|
705.5
|
706.0
|
0.5
|
<500 -
520
|
|
|
|
|
|
723.5
|
724.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
731.0
|
731.7
|
0.7
|
<500
|
|
|
|
|
|
731.7
|
731.8
|
0.1
|
3,380 -
4,180
|
|
|
|
|
|
731.8
|
731.9
|
0.1
|
10,000 -
14,000
|
|
|
|
|
|
731.9
|
732.0
|
0.1
|
<500
|
|
|
|
|
|
732.0
|
732.1
|
0.1
|
<500 -
3,100
|
|
|
|
|
|
732.5
|
736.5
|
4.0
|
<500 -
3,100
|
|
|
|
|
|
741.0
|
741.5
|
0.5
|
<500 -
4,000
|
|
|
|
|
|
742.5
|
743.0
|
0.5
|
<500 -
1,000
|
|
|
|
|
|
744.5
|
745.0
|
0.5
|
<500
|
|
|
|
|
|
745.0
|
745.5
|
0.5
|
<500 -
1,350
|
|
|
|
|
|
745.5
|
746.0
|
0.5
|
<500
|
|
|
|
|
|
746.0
|
746.5
|
0.5
|
<500 -
520
|
|
|
|
|
|
746.5
|
747.0
|
0.5
|
<500 -
530
|
|
|
|
|
|
747.0
|
748.0
|
1.0
|
<500
|
|
|
|
|
|
748.5
|
749.0
|
0.5
|
<500
|
|
|
|
|
|
749.5
|
750.0
|
0.5
|
<500 -
3,200
|
|
|
|
|
|
750.0
|
750.5
|
0.5
|
<500 -
2,100
|
|
|
|
|
|
757.0
|
757.5
|
0.5
|
<500 -
2,350
|
|
|
|
|
|
758.0
|
758.5
|
0.5
|
<500
|
|
|
|
|
|
760.0
|
760.5
|
0.5
|
<500
|
|
|
|
|
|
765.5
|
766.6
|
1.1
|
<500
|
|
RK-24-197
|
310
|
-70
|
792.0
|
117.7
|
241.0
|
241.5
|
0.5
|
<500
|
|
|
|
|
|
518.0
|
521.5
|
3.5
|
<500
|
|
|
|
|
|
523.5
|
524.0
|
0.5
|
<500
|
|
|
|
|
|
524.0
|
524.5
|
0.5
|
<500 -
990
|
|
|
|
|
|
524.5
|
525.0
|
0.5
|
<500 -
2990
|
|
|
|
|
|
525.0
|
525.5
|
0.5
|
<500 -
2510
|
|
|
|
|
|
525.5
|
526.0
|
0.5
|
<500 -
660
|
|
|
|
|
|
526.0
|
526.4
|
0.4
|
<500 -
10,000
|
|
|
|
|
|
526.4
|
526.6
|
0.2
|
10,000 -
13,050
|
|
|
|
|
|
526.6
|
527.0
|
0.4
|
510 - 6,550
|
|
|
|
|
|
527.0
|
527.5
|
0.5
|
1,040 -
9,560
|
|
|
|
|
|
527.5
|
527.6
|
0.1
|
9,580 -
10,000
|
|
|
|
|
|
527.6
|
527.8
|
0.2
|
10,000 -
26,400
|
|
|
|
|
|
527.8
|
528.5
|
0.7
|
<500
|
|
|
|
|
|
528.5
|
528.8
|
0.3
|
940 -
10,000
|
|
|
|
|
|
528.8
|
528.9
|
0.1
|
10,000 -
46,400
|
|
|
|
|
|
528.9
|
529.0
|
0.1
|
865 - 2,250
|
|
|
|
|
|
529.0
|
529.5
|
0.5
|
<500
|
|
|
|
|
|
530.5
|
535.5
|
5.0
|
<500
|
|
|
|
|
|
536.0
|
536.5
|
0.5
|
<500
|
|
|
|
|
|
546.0
|
546.5
|
0.5
|
<500
|
|
|
|
|
|
546.5
|
547.0
|
0.5
|
<500
|
|
|
|
|
|
547.0
|
547.5
|
0.5
|
<500 -
670
|
|
|
|
|
|
547.5
|
548.0
|
0.5
|
<500
|
|
|
|
|
|
548.0
|
548.5
|
0.5
|
<500 -
890
|
|
|
|
|
|
548.5
|
548.6
|
0.1
|
1,000 -
8,200
|
|
|
|
|
|
548.6
|
548.8
|
0.2
|
21,200 -
33,800
|
|
|
|
|
|
548.8
|
549.0
|
0.2
|
42,600 -
52,800
|
|
|
|
|
|
549.0
|
549.5
|
0.5
|
600 - 1,500
|
|
|
|
|
|
549.5
|
550.0
|
0.5
|
2,200 -
4,400
|
|
|
|
|
|
550.0
|
550.5
|
0.5
|
<500 -
1,600
|
|
|
|
|
|
550.5
|
551.0
|
0.5
|
<500
|
|
|
|
|
|
551.0
|
551.5
|
0.5
|
<500 -
620
|
|
|
|
|
|
551.5
|
552.0
|
0.5
|
<500 -
550
|
|
|
|
|
|
552.0
|
552.5
|
0.5
|
1,300 -
2,000
|
|
|
|
|
|
552.5
|
552.6
|
0.1
|
25,000 -
32,000
|
|
|
|
|
|
552.7
|
552.9
|
0.2
|
40,100 -
>61,000
|
|
|
|
|
|
552.9
|
553.0
|
0.1
|
17,100 -
25,000
|
|
|
|
|
|
553.0
|
553.5
|
0.5
|
<500 -
1,500
|
|
RK-24-198
|
310
|
-70
|
743.2
|
117.3
|
333.5
|
334.0
|
0.5
|
<500
|
|
|
|
|
|
669.5
|
670.0
|
0.5
|
<500
|
|
RK-24-199
|
310
|
-70
|
807.0
|
107.1
|
No Significant
Intersections
|
|
RK-24-200
|
310
|
-70
|
804.0
|
112.6
|
339.0
|
339.5
|
0.5
|
<500
|
|
|
|
|
|
354.0
|
354.5
|
0.5
|
<500 -
750
|
|
|
|
|
|
465.5
|
466.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
611.0
|
611.5
|
0.5
|
<500 -
660
|
|
|
|
|
|
612.0
|
612.5
|
0.5
|
<500
|
|
|
|
|
|
613.0
|
613.5
|
0.5
|
<500 -
970
|
|
|
|
|
|
619.0
|
619.5
|
0.5
|
<500 -
510
|
|
|
|
|
|
619.5
|
620.0
|
0.5
|
<500
|
|
|
|
|
|
623.0
|
623.5
|
0.5
|
<500
|
|
RK-24-201
|
310
|
-70
|
939.0
|
108.9
|
412.5
|
413.0
|
0.5
|
<500
|
|
|
|
|
|
673.5
|
674.0
|
0.5
|
<500
|
|
|
|
|
|
674.5
|
675.0
|
0.5
|
<500
|
|
|
|
|
|
675.0
|
675.5
|
0.5
|
<500 -
3,800
|
|
|
|
|
|
675.5
|
676.0
|
0.5
|
<500
|
|
|
|
|
|
677.5
|
678.0
|
0.5
|
<500 -
550
|
|
|
|
|
|
678.5
|
679.0
|
0.5
|
650 - 700
|
|
|
|
|
|
679.0
|
679.5
|
0.5
|
<500
|
|
|
|
|
|
680.0
|
681.0
|
1.0
|
<500
|
|
|
|
|
|
693.5
|
694.0
|
0.5
|
700 - 800
|
|
|
|
|
|
694.0
|
695.0
|
1.0
|
<500
|
|
|
|
|
|
695.0
|
695.5
|
0.5
|
700 - 900
|
|
|
|
|
|
695.5
|
696.0
|
0.5
|
<500
|
|
|
|
|
|
696.0
|
696.5
|
0.5
|
500 - 1,800
|
|
|
|
|
|
696.5
|
697.0
|
0.5
|
500 - 2,600
|
|
|
|
|
|
697.0
|
699.0
|
2.0
|
<500
|
|
|
|
|
|
699.5
|
700.5
|
1.0
|
<500
|
|
|
|
|
|
700.5
|
701.0
|
0.5
|
650 - 700
|
|
|
|
|
|
701.0
|
701.5
|
0.5
|
<500 -
550
|
|
|
|
|
|
701.5
|
702.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
702.0
|
702.5
|
0.5
|
<500 -
750
|
|
|
|
|
|
703.0
|
703.5
|
0.5
|
<500
|
|
|
|
|
|
708.0
|
709.0
|
1.0
|
<500
|
|
|
|
|
|
721.5
|
722.0
|
0.5
|
<500
|
|
|
|
|
|
741.0
|
741.5
|
0.5
|
<500
|
|
|
|
|
|
765.5
|
766.0
|
0.5
|
<500 -
1300
|
|
|
|
|
|
819.0
|
819.5
|
0.5
|
<500 -
1800
|
|
|
|
|
|
822.5
|
823.0
|
0.5
|
<500 -
630
|
|
|
|
|
|
837.5
|
838.0
|
0.5
|
<500
|
|
|
|
|
|
867.5
|
868.0
|
0.5
|
<500
|
|
RK-24-202
|
310
|
-70
|
1138.2
|
106.3
|
622.5
|
623.0
|
0.5
|
<500
|
|
|
|
|
|
623.5
|
624.0
|
0.5
|
<500
|
|
|
|
|
|
732.0
|
732.5
|
0.5
|
<500
|
|
|
|
|
|
780.5
|
781.0
|
0.5
|
<500
|
|
|
|
|
|
846.0
|
850.3
|
4.3
|
<500
|
|
|
|
|
|
886.0
|
886.2
|
0.2
|
<500 -
1,780
|
|
|
|
|
|
886.2
|
886.3
|
0.1
|
10,000 -
14,100
|
|
|
|
|
|
886.3
|
886.5
|
0.2
|
<500 -
1,700
|
|
|
|
|
|
887.5
|
888.0
|
0.5
|
<500 -
1,300
|
|
|
|
|
|
895.5
|
896.0
|
0.5
|
<500 -
3,200
|
|
|
|
|
|
907.0
|
908.0
|
1.0
|
<500
|
|
|
|
|
|
922.5
|
923.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
926.5
|
927.0
|
0.5
|
<500
|
|
|
|
|
|
928.0
|
928.5
|
0.5
|
<500 -
540
|
|
|
|
|
|
931.0
|
931.5
|
0.5
|
<500 -
3,400
|
|
|
|
|
|
931.5
|
932.0
|
0.5
|
<500 -
1,050
|
|
|
|
|
|
932.0
|
932.5
|
0.5
|
<500 -
650
|
|
|
|
|
|
933.5
|
934.0
|
0.5
|
<500 -
2,580
|
|
|
|
|
|
934.0
|
934.3
|
0.3
|
<500 -
6,100
|
|
|
|
|
|
934.3
|
934.4
|
0.1
|
55,500 -
>61,000
|
|
|
|
|
|
934.4
|
934.5
|
0.1
|
<500
|
|
|
|
|
|
936.0
|
936.3
|
0.3
|
<500
|
|
|
|
|
|
936.3
|
936.4
|
0.1
|
12,000 -
>61,000
|
|
|
|
|
|
936.4
|
936.5
|
0.1
|
530 - 650
|
|
|
|
|
|
943.5
|
944.0
|
0.5
|
<500 -
2,290
|
|
|
|
|
|
944.0
|
944.5
|
0.5
|
<500 -
800
|
|
|
|
|
|
947.0
|
947.5
|
0.5
|
<500
|
|
|
|
|
|
948.5
|
949.0
|
0.5
|
<500
|
|
|
|
|
|
951.0
|
951.5
|
0.5
|
<500
|
|
|
|
|
|
951.5
|
951.7
|
0.2
|
850 - 3,200
|
|
|
|
|
|
951.7
|
952.0
|
0.3
|
10,000 -
17,200
|
|
|
|
|
|
952.0
|
952.5
|
0.5
|
<500 -
7,500
|
|
|
|
|
|
952.5
|
953.0
|
0.5
|
<500 -
690
|
|
|
|
|
|
953.0
|
953.5
|
0.5
|
<500
|
|
|
|
|
|
953.5
|
954.0
|
0.5
|
<500 -
1,700
|
|
|
|
|
|
954.0
|
954.5
|
0.5
|
600 - 2,020
|
|
|
|
|
|
954.5
|
955.0
|
0.5
|
500 - 8,500
|
|
|
|
|
|
955.0
|
955.5
|
0.5
|
<500
|
|
|
|
|
|
955.5
|
956.0
|
0.5
|
500 - 2,250
|
|
|
|
|
|
956.0
|
956.5
|
0.5
|
<500 -
3,200
|
|
|
|
|
|
957.0
|
957.5
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
957.5
|
958.0
|
0.5
|
500 - 1,000
|
|
|
|
|
|
958.0
|
958.5
|
0.5
|
<500 -
1,010
|
|
|
|
|
|
958.5
|
959.0
|
0.5
|
<500 -
1,650
|
|
|
|
|
|
959.0
|
959.5
|
0.5
|
<500 -
2,000
|
|
|
|
|
|
959.5
|
960.0
|
0.5
|
<500 -
2,300
|
|
|
|
|
|
961.0
|
961.5
|
0.5
|
<500 -
2,000
|
|
|
|
|
|
961.5
|
962.0
|
0.5
|
<500 -
2,270
|
|
|
|
|
|
963.0
|
964.0
|
1.0
|
<500
|
|
|
|
|
|
964.0
|
964.5
|
0.5
|
<500 -
750
|
|
|
|
|
|
965.0
|
965.5
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
965.5
|
966.0
|
0.5
|
3,000 -
8,000
|
|
|
|
|
|
966.0
|
966.5
|
0.5
|
<500 -
3,000
|
|
|
|
|
|
966.5
|
967.0
|
0.5
|
5,000 -
6,000
|
|
|
|
|
|
967.0
|
967.3
|
0.3
|
5,000 -
6,000
|
|
|
|
|
|
967.3
|
967.5
|
0.2
|
10,000 -
49,000
|
|
|
|
|
|
967.5
|
968.0
|
0.5
|
1,700 -
8,100
|
|
|
|
|
|
968.0
|
968.5
|
0.5
|
<500 -
2,000
|
|
|
|
|
|
968.5
|
969.0
|
0.5
|
<500 -
1,600
|
|
|
|
|
|
969.0
|
969.5
|
0.5
|
<500 -
940
|
|
|
|
|
|
980.0
|
980.5
|
0.5
|
<500 -
4,000
|
|
|
|
|
|
981.0
|
981.5
|
0.5
|
<500 -
650
|
|
|
|
|
|
981.5
|
982.0
|
0.5
|
<500
|
|
|
|
|
|
983.0
|
983.5
|
0.5
|
<500 -
820
|
|
|
|
|
|
983.5
|
984.0
|
0.5
|
<500 -
900
|
|
|
|
|
|
984.0
|
984.5
|
0.5
|
1450 - 1,820
|
|
|
|
|
|
984.5
|
985.0
|
0.5
|
800 - 3,700
|
|
|
|
|
|
985.0
|
985.5
|
0.5
|
<500 -
700
|
|
|
|
|
|
985.5
|
986.0
|
0.5
|
<500
|
|
|
|
|
|
996.5
|
997.0
|
0.5
|
<500
|
|
|
|
|
|
997.5
|
998.0
|
0.5
|
<500
|
|
|
|
|
|
998.0
|
998.5
|
0.5
|
<500 -
2,280
|
|
|
|
|
|
1005.0
|
1006.5
|
1.5
|
<500
|
|
|
|
|
|
1008.5
|
1009.5
|
1.0
|
<500
|
|
|
|
|
|
1016.5
|
1017.0
|
0.5
|
<500 -
660
|
|
|
|
|
|
1026.5
|
1027.0
|
0.5
|
<500
|
|
RK-24-203
|
310
|
-70
|
738.0
|
103.7
|
360.5
|
361.0
|
0.5
|
<500
|
|
|
|
|
|
363.5
|
364.0
|
0.5
|
<500
|
|
|
|
|
|
470.0
|
471.5
|
1.5
|
<500
|
|
|
|
|
|
472.0
|
472.5
|
0.5
|
<500
|
|
RK-24-204
|
290
|
-70
|
822.0
|
110.1
|
471.5
|
472.0
|
0.5
|
<500
|
|
|
|
|
|
553.0
|
553.5
|
0.5
|
<500
|
|
|
|
|
|
554.0
|
555.0
|
1.0
|
<500
|
|
|
|
|
|
555.0
|
555.5
|
0.5
|
<500 -
570
|
|
|
|
|
|
555.5
|
556.0
|
0.5
|
<500 -
900
|
|
|
|
|
|
556.0
|
556.5
|
0.5
|
680 - 1,900
|
|
|
|
|
|
556.5
|
557.0
|
0.5
|
<500 -
1,300
|
|
|
|
|
|
557.0
|
557.5
|
0.5
|
<500 -
530
|
|
|
|
|
|
557.5
|
558.0
|
0.5
|
<500 -
1,150
|
|
|
|
|
|
558.0
|
558.5
|
0.5
|
580 - 900
|
|
|
|
|
|
558.5
|
559.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
559.0
|
560.0
|
1.0
|
<500
|
|
|
|
|
|
574.0
|
574.5
|
0.5
|
<500 -
2,020
|
|
|
|
|
|
574.5
|
575.0
|
0.5
|
<500 -
1,860
|
|
|
|
|
|
575.0
|
575.5
|
0.5
|
<500 -
4,120
|
|
|
|
|
|
575.5
|
576.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
576.0
|
576.5
|
0.5
|
<500 -
1,400
|
|
|
|
|
|
576.5
|
577.5
|
1.0
|
<500
|
|
|
|
|
|
578.0
|
578.5
|
0.5
|
<500 -
580
|
|
|
|
|
|
579.0
|
579.5
|
0.5
|
<500 -
580
|
|
|
|
|
|
579.5
|
580.0
|
0.5
|
<500
|
|
|
|
|
|
580.0
|
580.5
|
0.5
|
<500 -
660
|
|
|
|
|
|
580.5
|
580.8
|
0.3
|
2,100 -
2,800
|
|
|
|
|
|
580.8
|
581.0
|
0.2
|
10,000 -
11,000
|
|
|
|
|
|
581.0
|
581.5
|
0.5
|
3,600 -
8,000
|
|
|
|
|
|
581.5
|
582.0
|
0.5
|
550 - 8,700
|
|
|
|
|
|
582.0
|
582.5
|
0.5
|
<500 -
4,700
|
|
|
|
|
|
582.5
|
583.0
|
0.5
|
800 - 2,200
|
|
|
|
|
|
583.0
|
583.5
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
583.5
|
584.0
|
0.5
|
<500 -
2,400
|
|
|
|
|
|
584.0
|
584.5
|
0.5
|
<500
|
|
|
|
|
|
585.5
|
586.0
|
0.5
|
<500 -
680
|
|
|
|
|
|
587.0
|
587.5
|
0.5
|
<500 -
5,370
|
|
|
|
|
|
587.5
|
588.0
|
0.5
|
900 - 7,200
|
|
|
|
|
|
588.0
|
588.5
|
0.5
|
<500 -
1,200
|
|
|
|
|
|
588.5
|
590.0
|
1.5
|
<500
|
|
|
|
|
|
595.5
|
596.5
|
1.0
|
<500
|
|
|
|
|
|
597.0
|
597.5
|
0.5
|
<500 -
510
|
|
|
|
|
|
598.5
|
599.0
|
0.5
|
<500 -
1,100
|
|
|
|
|
|
599.0
|
599.5
|
0.5
|
<500 -
3,850
|
|
|
|
|
|
599.5
|
600.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
600.0
|
600.5
|
0.5
|
<500 -
3,700
|
|
|
|
|
|
600.5
|
601.0
|
0.5
|
<500
|
|
RK-24-205
|
320
|
-70
|
1032.0
|
109.1
|
459.5
|
464.0
|
4.5
|
<500
|
|
|
|
|
|
464.0
|
464.5
|
0.5
|
500 - 1,000
|
|
|
|
|
|
464.5
|
465.0
|
0.5
|
<500
|
|
|
|
|
|
741.5
|
742.0
|
0.5
|
<500 -
1,100
|
|
|
|
|
|
742.0
|
742.5
|
0.5
|
1,600 -
7,500
|
|
|
|
|
|
742.5
|
743.0
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
746.5
|
747.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
747.0
|
748.0
|
1.0
|
<500
|
|
|
|
|
|
766.0
|
766.5
|
0.5
|
<500
|
|
|
|
|
|
768.0
|
768.5
|
0.5
|
<500 -
950
|
|
|
|
|
|
769.0
|
769.5
|
0.5
|
<500 -
1,600
|
|
|
|
|
|
769.5
|
770.0
|
0.5
|
500 - 1,300
|
|
|
|
|
|
770.0
|
770.5
|
0.5
|
<500 -
1,300
|
|
|
|
|
|
770.5
|
771.0
|
0.5
|
700 - 1,200
|
|
|
|
|
|
771.0
|
771.5
|
0.5
|
<500 -
850
|
|
|
|
|
|
771.5
|
772.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
772.5
|
773.5
|
1.0
|
<500
|
|
|
|
|
|
779.5
|
780.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
780.0
|
780.5
|
0.5
|
<500
|
|
|
|
|
|
784.0
|
784.5
|
0.5
|
<500 -
1,150
|
|
|
|
|
|
784.5
|
785.0
|
0.5
|
<500
|
|
|
|
|
|
785.0
|
785.5
|
0.5
|
<500 -
700
|
|
|
|
|
|
786.0
|
786.5
|
0.5
|
600 - 1,400
|
|
|
|
|
|
786.5
|
787.0
|
0.5
|
<500 -
1,050
|
|
|
|
|
|
787.0
|
787.5
|
0.5
|
500 - 950
|
|
|
|
|
|
787.5
|
788.0
|
0.5
|
<500
|
|
|
|
|
|
788.0
|
788.5
|
0.5
|
<500 -
1,900
|
|
|
|
|
|
788.5
|
789.0
|
0.5
|
<500 -
750
|
|
|
|
|
|
789.0
|
789.5
|
0.5
|
800 - 4,200
|
|
|
|
|
|
789.5
|
790.0
|
0.5
|
900 - 4,800
|
|
|
|
|
|
790.0
|
790.5
|
0.5
|
<500 -
850
|
|
|
|
|
|
791.0
|
791.5
|
0.5
|
<500 -
2,200
|
|
|
|
|
|
791.5
|
792.0
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
792.0
|
792.5
|
0.5
|
<500 -
800
|
|
|
|
|
|
792.5
|
793.0
|
0.5
|
<500
|
|
|
|
|
|
793.0
|
793.5
|
0.5
|
<500 -
1,200
|
|
|
|
|
|
793.5
|
793.6
|
0.1
|
<500 -
25,000
|
|
|
|
|
|
793.6
|
794.0
|
0.4
|
<500 -
3,000
|
|
|
|
|
|
794.0
|
794.5
|
0.5
|
<500
|
|
|
|
|
|
794.5
|
795.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
795.0
|
795.5
|
0.5
|
<500
|
|
|
|
|
|
802.0
|
802.5
|
0.5
|
<500
|
|
|
|
|
|
804.0
|
804.5
|
0.5
|
<500
|
|
|
|
|
|
804.5
|
805.5
|
1.0
|
<500 -
650
|
|
|
|
|
|
807.0
|
807.5
|
0.5
|
<500 -
900
|
|
|
|
|
|
807.5
|
808.0
|
0.5
|
<500 -
550
|
|
|
|
|
|
808.0
|
808.5
|
0.5
|
<500
|
|
|
|
|
|
851.0
|
851.5
|
0.5
|
<500
|
|
|
|
|
|
853.5
|
854.0
|
0.5
|
<500 -
2,300
|
|
RK-24-206
|
298
|
-75
|
TBD
|
96.5
|
In progress
|
|
RK-24-207
|
330
|
-70
|
801.0
|
114.9
|
505.0
|
510.5
|
5.5
|
<500
|
|
|
|
|
|
514.5
|
515.5
|
1.0
|
<500
|
|
|
|
|
|
515.5
|
516.0
|
0.5
|
<500 -
980
|
|
|
|
|
|
516.0
|
516.5
|
0.5
|
<500 -
650
|
|
|
|
|
|
516.5
|
517.0
|
0.5
|
<500 -
410
|
|
|
|
|
|
517.0
|
517.5
|
0.5
|
<500 -
800
|
|
|
|
|
|
517.5
|
518.0
|
0.5
|
<500 -
950
|
|
|
|
|
|
518.0
|
518.5
|
0.5
|
<500
|
|
|
|
|
|
519.0
|
519.5
|
0.5
|
<500
|
|
|
|
|
|
519.5
|
520.0
|
0.5
|
550 - 8,500
|
|
|
|
|
|
520.0
|
520.5
|
0.5
|
1,000 -
1,750
|
|
|
|
|
|
520.5
|
521.0
|
0.5
|
750 - 1,500
|
|
|
|
|
|
521.0
|
521.5
|
0.5
|
<500 -
1,500
|
|
|
|
|
|
521.5
|
522.0
|
0.5
|
<500 -
800
|
|
|
|
|
|
522.0
|
522.5
|
0.5
|
700 - 8,500
|
|
|
|
|
|
522.5
|
523.0
|
0.5
|
900 - 1,400
|
|
|
|
|
|
523.0
|
523.5
|
0.5
|
800 - 1,700
|
|
|
|
|
|
523.5
|
524.0
|
0.5
|
600 - 8,200
|
|
|
|
|
|
524.0
|
524.5
|
0.5
|
10,000 -
32,000
|
|
|
|
|
|
524.5
|
525.0
|
0.5
|
5,000 -
22,000
|
|
|
|
|
|
525.0
|
525.1
|
0.1
|
30,000 -
60,000
|
|
|
|
|
|
525.1
|
525.4
|
0.3
|
>61,000
|
|
|
|
|
|
525.4
|
525.5
|
0.1
|
22,000 -
60,000
|
|
|
|
|
|
525.5
|
526.0
|
0.5
|
600 - 6,200
|
|
|
|
|
|
526.0
|
526.5
|
0.5
|
<500 -
3,500
|
|
|
|
|
|
526.5
|
527.0
|
0.5
|
1,700 -
9,800
|
|
|
|
|
|
527.0
|
527.5
|
0.5
|
2,800 -
20,000
|
|
|
|
|
|
527.5
|
528.0
|
0.5
|
500 -
24,000
|
|
|
|
|
|
528.0
|
528.5
|
0.5
|
750 - 1,200
|
|
|
|
|
|
528.5
|
529.0
|
0.5
|
2,800 -
9,500
|
|
|
|
|
|
529.0
|
529.5
|
0.5
|
1,100 -
6,500
|
|
|
|
|
|
529.5
|
530.0
|
0.5
|
1,100 -
2,900
|
|
|
|
|
|
530.0
|
530.5
|
0.5
|
550 - 1,600
|
|
|
|
|
|
530.5
|
531.0
|
0.5
|
1,500 -
4,300
|
|
|
|
|
|
531.0
|
531.5
|
0.5
|
550 - 900
|
|
|
|
|
|
531.5
|
532.0
|
0.5
|
<500 -
750
|
|
|
|
|
|
532.0
|
532.5
|
0.5
|
<500 -
1,200
|
|
|
|
|
|
533.0
|
533.5
|
0.5
|
<500 -
1,250
|
|
|
|
|
|
533.5
|
534.0
|
0.5
|
950 - 1,800
|
|
|
|
|
|
534.0
|
534.5
|
0.5
|
600 - 1,500
|
|
|
|
|
|
534.5
|
535.0
|
0.5
|
<500
|
|
|
|
|
|
536.0
|
536.5
|
0.5
|
<500
|
|
|
|
|
|
536.5
|
537.0
|
0.5
|
<500 -
15,000
|
|
|
|
|
|
537.0
|
537.5
|
0.5
|
<500 -
4,200
|
|
|
|
|
|
538.0
|
538.5
|
0.5
|
<500
|
|
|
|
|
|
538.5
|
539.0
|
0.5
|
<500 -
560
|
|
|
|
|
|
539.0
|
539.5
|
0.5
|
<500
|
|
|
|
|
|
540.0
|
540.5
|
0.5
|
<500 -
7,200
|
|
|
|
|
|
540.5
|
541.0
|
0.5
|
4,600 -
8,200
|
|
|
|
|
|
550.5
|
551.0
|
0.5
|
<500
|
|
|
|
|
|
552.0
|
552.5
|
0.5
|
<500 -
570
|
|
|
|
|
|
554.0
|
554.5
|
0.5
|
<500
|
|
|
|
|
|
558.5
|
559.0
|
0.5
|
<500
|
|
|
|
|
|
560.0
|
561.0
|
1.0
|
<500
|
|
|
|
|
|
567.5
|
568.0
|
0.5
|
<500
|
|
|
|
|
|
572.5
|
573.0
|
0.5
|
<500
|
|
|
|
|
|
578.5
|
579.0
|
0.5
|
<500
|
|
|
|
|
|
581.5
|
582.0
|
0.5
|
<500 -
1,010
|
|
|
|
|
|
583.5
|
584.5
|
1.0
|
<500
|
|
|
|
|
|
585.5
|
586.0
|
0.5
|
<500 -
780
|
|
|
|
|
|
586.0
|
587.0
|
1.0
|
<500
|
|
|
|
|
|
595.0
|
595.5
|
0.5
|
<500
|
|
|
|
|
|
595.5
|
596.0
|
0.5
|
<500 -
900
|
|
|
|
|
|
596.0
|
597.0
|
1.0
|
<500
|
|
|
|
|
|
600.5
|
601.0
|
0.5
|
<500
|
|
|
|
|
|
610.5
|
611.0
|
0.5
|
<500
|
|
|
|
|
|
619.0
|
620.0
|
1.0
|
<500 -
510
|
|
|
|
|
|
625.8
|
627.0
|
1.2
|
<500 -
550
|
|
|
|
|
|
636.8
|
641.0
|
4.2
|
<500
|
|
|
|
|
|
644.0
|
645.5
|
1.5
|
<500
|
|
|
|
|
|
717.5
|
718.5
|
1.0
|
<500 -
880
|
|
|
|
|
|
729.0
|
732.0
|
3.0
|
<500 -
980
|
- All depths and intervals are meters downhole, true
thicknesses are yet to be determined.
- "Off-scale" refers to >61,000 cps total readings by gamma
spectrometer type RS-125.
- Unconformity of 'N/A' denotes a lack of visible contact
between Athabasca sandstone and
basement rock.
- Maximum internal dilution 2.0
m downhole.
- Minimum thickness of 0.5 m
downhole.
- All depths and intervals are metres downhole, true
thicknesses are yet to be determined. Resource modelling in
conjunction with an updated mineral resource estimate is required
before true thicknesses can be determined.
Table 2: Cumulative mineralization from 2024 summer program
to date
|
Hole
ID
|
Cumulative
Radioactivity
>500 cps
(m)
|
Maximum
Reading
(cps)
|
|
RK-24-195
|
0.5
|
1,500
|
|
RK-24-196
|
10.3
|
14,000
|
|
RK-24-197
|
10.2
|
>61000
|
|
RK-24-198
|
0
|
N/A
|
|
RK-24-199
|
0
|
N/A
|
|
RK-24-200
|
1.5
|
970
|
|
RK-24-201
|
7
|
3,800
|
|
RK-24-202
|
23.6
|
>61000
|
|
RK-24-203
|
0
|
N/A
|
|
RK-24-204
|
16
|
11,000
|
|
RK-24-205
|
17
|
25,000
|
|
RK-24-207
|
26.2
|
>61000
|
- All depths and intervals are meters downhole, true
thicknesses are yet to be determined.
- Radioactivity measured by gamma scintillometer type RS-120
and gamma spectrometer type RS-125.
- Maximum readings stated as 'N/A' had no radioactivity
>500 cps.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean
energy fuel for the future. The Company's flagship Rook I
Project is being optimally developed into the largest low cost
producing uranium mine globally, incorporating the most elite
standards in environmental and social governance. The Rook I
Project is supported by a NI 43-101 compliant Feasibility
Study which outlines the elite environmental performance and
industry leading economics. NexGen is led by a team of
experienced uranium and mining industry professionals with
expertise across the entire mining life cycle, including
exploration, financing, project engineering and construction,
operations, and closure. NexGen is leveraging its proven
experience to deliver a Project that leads the entire mining
industry socially, technically, and environmentally. The
Project and prospective portfolio in northern Saskatchewan will provide generational
long-term economic, environmental, and social benefits for
Saskatchewan, Canada, and the
world.
NexGen is listed on the Toronto Stock Exchange, the New York
Stock Exchange under the ticker symbol "NXE" and on the Australian
Securities Exchange under the ticker symbol "NXG" providing access
to global investors to participate in NexGen's mission of solving
three major global challenges in decarbonization, energy security
and access to power. The Company is headquartered in
Vancouver, British Columbia, with
its primary operations office in Saskatoon, Saskatchewan.
Technical Disclosure*
All technical information in this news release has been
reviewed and approved by Jason Craven, NexGen's Manager,
Exploration, a qualified person under National Instrument
43-101.
Natural gamma radiation in drill core reported in this news
release was measured in counts per second (cps) using a Radiation
Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned
that total count gamma readings may not be directly or uniformly
related to uranium grades of the rock sample measured; they should
be used only as a preliminary indication of the presence of
radioactive minerals.
A technical report in respect of the FS is filed on SEDAR
( www.sedar.com ) and EDGAR
(www.sec.gov/edgar.shtml ) and is available for
review on NexGen Energy's website
(www.nexgenenergy.ca ).
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral
Resources classification terms that comply with reporting standards
in Canada and the Mineral Reserves and the Mineral
Resources estimates are made in accordance with NI 43-101. NI
43-101 is a rule developed by the Canadian Securities
Administrators that establishes standards for all public disclosure
an issuer makes of scientific and technical information concerning
mineral projects. These standards differ from the requirements of
the Securities and Exchange Commission ("SEC") set by the SEC's
rules that are applicable to domestic United
States reporting companies. Consequently, Mineral
Reserves and Mineral Resources information included in this news
release is not comparable to similar information that would
generally be disclosed by domestic U.S. reporting companies subject
to the reporting and disclosure requirements of the SEC
Accordingly, information concerning mineral deposits set forth
herein may not be comparable with information made public by
companies that report in accordance with U.S. standards.
Forward-Looking Information
The information contained herein contains "forward-looking
statements" within the meaning of applicable United
States securities laws and regulations and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to mineral reserve and mineral
resource estimates, the 2021 Arrow Deposit, Rook I Project and
estimates of uranium production, grade and long-term average
uranium prices, anticipated effects of completed drill results on
the Rook I Project, planned work programs, completion of further
site investigations and engineering work to support basic
engineering of the project and expected outcomes. Generally, but
not always, forward-looking information and statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation
thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the negative
connotation thereof. Statements relating to "mineral
resources" are deemed to be forward-looking information, as they
involve the implied assessment that, based on certain estimates and
assumptions, the mineral resources described can be profitably
produced in the future.
Forward-looking information and statements are based on the
then current expectations, beliefs, assumptions, estimates and
forecasts about NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements are
made based upon numerous assumptions, including among others, that
the mineral reserve and resources estimates and the key assumptions
and parameters on which such estimates are based are as set out in
this news release and the technical report for the property , the
results of planned exploration activities are as anticipated, the
price and market supply of uranium, the cost of planned exploration
activities, that financing will be available if and when needed and
on reasonable terms, that third party contractors, equipment,
supplies and governmental and other approvals required to conduct
NexGen's planned exploration activities will be available on
reasonable terms and in a timely manner and that general business
and economic conditions will not change in a material adverse
manner. Although the assumptions made by the Company in providing
forward looking information or making forward looking statements
are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be accurate in the
future.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual results, performances and achievements of NexGen to
differ materially from any projections of results, performances and
achievements of NexGen expressed or implied by such forward-looking
information or statements, including, among others, the existence
of negative operating cash flow and dependence on third party
financing, uncertainty of the availability of additional financing,
the risk that pending assay results will not confirm previously
announced preliminary results, conclusions of economic valuations,
the risk that actual results of exploration activities will be
different than anticipated, the cost of labour, equipment or
materials will increase more than expected, that the future price
of uranium will decline or otherwise not rise to an economic level,
the appeal of alternate sources of energy to uranium-produced
energy, that the Canadian dollar will strengthen against the U.S.
dollar, that mineral resources and reserves are not as estimated,
that actual costs or actual results of reclamation activities are
greater than expected, that changes in project parameters and plans
continue to be refined and may result in increased costs, of
unexpected variations in mineral resources and reserves, grade or
recovery rates or other risks generally associated with mining,
unanticipated delays in obtaining governmental, regulatory or First
Nations approvals, risks related to First Nations title and
consultation, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licences, risks related to changes
in laws, regulations, policy and public perception, as well as
those factors or other risks as more fully described in NexGen's
Annual Information Form dated March 6,
2024 filed with the securities commissions of all of the
provinces of Canada except Quebec and in
NexGen's 40-F filed with the United States Securities and Exchange
Commission, which are available on SEDAR
at www.sedar.com and Edgar
at www.sec.gov .
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or statements or
implied by forward-looking information or statements, there may be
other factors that cause results not to be as anticipated,
estimated or intended. Readers are cautioned not to place
undue reliance on forward-looking information or statements due to
the inherent uncertainty thereof.
There can be no assurance that forward-looking information
and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws.
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SOURCE NexGen Energy Ltd.